The State Securities Committee has reported receiving the listing application of the Hung Yen-based Viet Y Steel Co on October 27, 2006. Viet Y will accordingly list 10 million shares on the stock market.
Viet Y Steel has a chartered capital of 100 billion dong and the company has signed a deal with local lenders to take out loans totalling 264 billion dong (over US$16 million) to build a high-quality steel billet factory in Hai Phong city.
On the same day, the SSC also received the listing application for 9.6 million shares of Hoa Binh Rubber Co and receiving the share listing application for two million shares of the Dong Nai Plastics-Construction Joint Stock Company.
Hoa Binh Rubber has a chartered capital of 96 billion dong and the company is based in the southern province of Ba Ria-Vung Tau while Dong Nai Plastics-Construction has a chartered capital of 20 billion dong and is based in the southern province of Dong Nai.